Arizona Settlement Targets Alleged Rent Inflation In Phoenix And Tucson

An apartment management company accused of helping inflate rents through algorithm-driven pricing tools has agreed to pay $1 million and change its business practices. The funds will support rental assistance for affected renters, while the company must stop using software that relies on competitors’ nonpublic data. The broader lawsuit continues against other landlords and the pricing software firm.

Sourcehttps://ktar.com/arizona-business/weidner-property-management-agre/5827344/

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